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VC-Backed Crypto Projects Face High Failure Rates—Study Reveals 45% Have Collapsed

Coins Legend June 4, 2025 0

A new study by Chainplay and Strorible reveals that nearly 45% of venture capital (VC)-backed crypto projects have shut down, and 77% fail to generate $1,000 in monthly revenue. Top-Tier VC Firms Not Spared Nearly half (45%) of venture capital (VC)-backed crypto projects have ceased operations,

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Riot Hires Data Center Chief as Bitcoin Miner Ramps Up HPC and AI Hosting Plans

Coins Legend June 4, 2025 0

Riot Platforms (NASDAQ: RIOT) has appointed Jonathan Gibbs as its new Chief Data Center Officer (CDCO) as the company pushes deeper into high-performance computing (HPC) and AI hosting. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. Gibbs, a

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Report: Tether’s USDT Dominates Stablecoin Payment Market, Tron Most-Used Chain

Coins Legend June 4, 2025 0

Stablecoins have quietly exploded into a multi-billion-dollar payments juggernaut, with several businesses leading the charge – and Tether dominating the field. Artemis, Castle Island, Dragonfly Study: Stablecoin Monitoring Shows Several Unique Trends Stablecoin payments totaled $94.2 billion from January 2023 through February 2025, according to a new industry study. The

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Binance Reaches 275M Users, Adds 80M in Five Months

Coins Legend June 4, 2025 0

Binance is skyrocketing past 275 million users, fueling a global crypto revolution with blistering adoption rates, real-world utility, and dominance in digital financial infrastructure. 275 Million and Rising—Binance Solidifies Dominance in Explosive Digital Finance Boom Cryptocurrency exchange Binance announced on June 2 that it has reached a major milestone in user

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Russia Intensifies Drive to Replace US Dollar in Global Trade

Coins Legend June 4, 2025 0

Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade. Russia Ramps up Exit From Dollar-Dominated Trade System The global shift toward settling trade in national currencies instead of the U.S. dollar is gaining traction, with Russia positioning itself at the forefront of this movement. During the

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Regulatory Chaos: SEC Commissioner Questions Conflicting Crypto Rules

Coins Legend June 4, 2025 0

Regulatory mayhem erupts as the SEC sends conflicting signals on crypto, fueling uncertainty over the future of digital asset oversight. SEC Commissioner Slams Agency’s Mixed Signals on Crypto Assets, Warns of Regulatory Chaos U.S. Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw issued a sharply worded statement on May 31 criticizing what she

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Robert Kiyosaki: Billions Will Rush Into Bitcoin This Summer as Crash Deepens

Coins Legend June 4, 2025 0

Robert Kiyosaki warns the biggest crash in history is underway, igniting a massive flight of capital into bitcoin as traditional markets unravel. Robert Kiyosaki Says Crash Is Now—Bitcoin Set to Absorb Billions This Summer Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has once again issued a stark warning about the global […]

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Ripple USD Approved in Dubai as RLUSD Signals Crypto Expansion

Coins Legend June 4, 2025 0

Ripple USD rockets ahead as RLUSD secures approval in Dubai’s financial free zone, unleashing enterprise adoption and supercharging Ripple’s dominance in the UAE’s digital asset revolution. Ripple Advances in UAE With RLUSD Approval Ripple announced on June 3 that its enterprise-focused stablecoin, RLUSD, has received regulatory clearance to operate within Dubai’s key

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Elon Musk Warns US Headed for Bankruptcy, Slams Congress Over ‘Disgusting Abomination’ Bill

Coins Legend June 4, 2025 0

Elon Musk erupts in fury, declaring he can’t take it anymore as he warns unchecked government spending is driving America toward catastrophic financial collapse and irreversible damage. Elon Musk Warns US on Brink of Bankruptcy—Says He Can’t Take It Anymore Elon Musk has unleashed a scathing critique of the newly passed Congressional spending bill, calling […]

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Bitcoin Miner Riot Sees 139% Yearly Increase in Daily BTC Production

Coins Legend June 4, 2025 0

In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from the 463 bitcoins mined in April and […]